CORRECT: Bank of America bulking up via LaSalle deal

SteveGelsi

NEW YORK (MarketWatch) -- Bank of America Corp.
BAC, +0.00%
could bulk up even closer to Citigroup
C, -0.59%
in market cap after the closing of its $21 billion purchase of LaSalle Bank. Bank of America closed out trading Friday with a market cap of nearly $227 billion, compared to $264 billion for Citigroup. The Charlotte, N.C.-based company said Monday it would purchase the Chicago lender from ABN Amro in a move to widen its reach in the U.S.'s third largest banking market. (An earlier version of this item incorrectly compared Citigroup and Bank of America's market caps.)

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